NBT Bank N A NY Sells 2,736 Shares of Comcast Corporation $CMCSA

NBT Bank N A NY trimmed its holdings in shares of Comcast Corporation (NASDAQ:CMCSA) by 7.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,874 shares of the cable giant’s stock after selling 2,736 shares during the quarter. NBT Bank N A NY’s holdings in Comcast were worth $1,138,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of CMCSA. Inlight Wealth Management LLC bought a new stake in Comcast during the 1st quarter worth approximately $26,000. Cranbrook Wealth Management LLC boosted its position in Comcast by 86.0% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 757 shares of the cable giant’s stock worth $27,000 after acquiring an additional 350 shares during the last quarter. Global Trust Asset Management LLC boosted its position in Comcast by 906.8% during the 2nd quarter. Global Trust Asset Management LLC now owns 745 shares of the cable giant’s stock worth $27,000 after acquiring an additional 671 shares during the last quarter. Abound Financial LLC acquired a new position in Comcast during the 1st quarter worth approximately $29,000. Finally, Ransom Advisory Ltd acquired a new position in Comcast during the 1st quarter worth approximately $29,000. 84.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CMCSA shares. Deutsche Bank Aktiengesellschaft reduced their price target on Comcast from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday. Arete Research raised Comcast to a “hold” rating in a research report on Tuesday, July 8th. Sanford C. Bernstein reduced their price target on Comcast from $37.00 to $36.00 and set a “market perform” rating for the company in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Comcast in a research report on Saturday, September 27th. Finally, Moffett Nathanson increased their price objective on Comcast from $56.00 to $58.00 and gave the company a “buy” rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.94.

Comcast Price Performance

NASDAQ:CMCSA opened at $30.77 on Thursday. Comcast Corporation has a 1-year low of $30.30 and a 1-year high of $45.31. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.99. The firm has a fifty day simple moving average of $32.60 and a 200 day simple moving average of $34.05. The stock has a market capitalization of $113.61 billion, a PE ratio of 5.09, a P/E/G ratio of 1.82 and a beta of 0.94.

Comcast (NASDAQ:CMCSA) last announced its quarterly earnings results on Thursday, July 31st. The cable giant reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.07. Comcast had a return on equity of 18.86% and a net margin of 18.44%.The business had revenue of $30.31 billion during the quarter, compared to the consensus estimate of $29.81 billion. During the same quarter last year, the firm posted $1.21 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, research analysts expect that Comcast Corporation will post 4.33 EPS for the current fiscal year.

Comcast Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.32 annualized dividend and a yield of 4.3%. Comcast’s dividend payout ratio (DPR) is currently 21.82%.

Comcast Profile

Comcast Corporation operates as a media and technology company worldwide. It operates through Residential Connectivity & Platforms, Business Services Connectivity, Media, Studios, and Theme Parks segments. The Residential Connectivity & Platforms segment provides residential broadband and wireless connectivity services, residential and business video services, sky-branded entertainment television networks, and advertising.